The number of workers filing new applications for unemployment insurance rose unexpectedly last week, a report showed on Thursday, heightening fears the labor market recovery was stalling. Initial claims for state unemployment benefits increased 13,000 to a seasonally adjusted 472,000 in the week ended June 26, the Labor Department said. Analysts polled by Reuters had expected claims to slip to 452,000 from the previously reported 457,000, which was revised slightly up to 459,000 in the latest report.
Based on what I see, unemployment is not going to improve until 2011.
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